REG - TCS Grp Hldg PLC - TCSGH Change of Registered Office <Origin Href="QuoteRef">TCSq.L</Origin>

TCS HoldingAnnouncement

01/07/2016 16:00

RNS Number : 9697C
TCS Group Holding PLC
01 July 2016
TCS Group Holding PLC 
Change of Registered Office
Moscow, Russia - 1 July 2016. TCS Group Holding PLC (TCS LI) (the Group), Russia's leading provider of online retail financial services, including Tinkoff Bank and Tinkoff Insurance, announcesthat its registered office has changed to Berengaria 25, 25 Spyrou Araouzou, 3036 Limassol, Cyprus with immediate effect.
For enquiries:
Tinkoff Bank
Darya Ermolina
Head of PR
+ 7 495 648-10-00 (ext. 2009)
d.ermolina@tinkoff.ru
Tinkoff Bank
Larisa Chernysheva
IR Department
+ 7 495 648-10-00 (ext. 2312)
ir@tinkoff.ru
About the Group
TCS Group Holding PLC is an innovative provider of online retail financial services operating in Russia through a high-tech branchless platform. The Group has also developed a "smart courier" network covering almost 600 cities and towns in Russia which allows next day delivery to many customers. 
Tinkoff Bank's product range includes credit, debit and prepaid cards, deposits, co-branded cards, and agent-based mortgage products. With its special focus on mobile business, the bank offers mobile applications both for its customer base (Mobile Bank) and beyond it (Traffic Fines, MoneyTalk, Card2Card instant money transfers).
As per its five-year strategy, the Group has the ambition to become a financial marketplace, offering both own brand and partner products.
As at 1May 2016, the bank was the second largest player in the Russian credit card market, with a 9% market share. As at 1April 2016, the bank issued over 5.8mcredit cards. The bank is well capitalised: its CBR N1 total capital ratio stood at 12.3% as at 1May 2016.
The Group's 1Q2016 IFRS net income amounted to RUB1.9bn.
In 2015, the Global Finance magazine named TinkoffBank as the Best Internet Retail Bank inRussia. In 2013, Tinkoff Bank was recognised as the Bank of the Year and the most profitable bank in Russia by the Banker magazine, the world's premier banking and finance resource, published by the Financial Times Group. 

This information is provided by RNS
The company news service from the London Stock Exchange
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